Australia stocks fall more than 5% with Asia markets mixed; Fed cuts rates to zero

View in Browser  |  Forward to a Friend Mon, 16 Mar 2020 MORNING SQUAWK APAC TOP NEWS          GUEST HIGHLIGHTS DJIA 23,185.62 1,985.00 +9.36%  S&P 500 2,711.02 230.38 +9.29%  NASDAQ 7,874.88 673.07 +9.35%  HSI 23,359.23 673.68 -2.80%  STI 2,553.90 80.12 -3.03%  ASX 200 5,243.90 295.40 -5.33%  Quotes and charts as of Mon, 16 Mar 2020 09:51 AM SGT. Top News Mon, 16 Mar 2020 09:44 AM SGT Australia stocks fall more than 5% with Asia markets mixed; Fed cuts rates to zero The U.S. Federal Reserve slashed its benchmark interest rate to zero and launched a massive quantitative easing program in an emergency move on Sunday. Mon, 16 Mar 2020 08:23 AM SGT Federal Reserve cuts rates to zero and launches massive $700 billion quantitative easing program "The coronavirus outbreak has harmed communities and disrupted economic activity in many countries," the Fed said. Mon, 16 Mar 2020 08:41 AM SGT Stock futures drop ⁠— hit 'limit down'⁠— even as Fed slashes rates; Dow futures off 1,000 points The Fed launched a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. Mon, 16 Mar 2020 07:20 AM SGT Plunging stock market futures hit 'limit down' ⁠— Here's what that means Contracts on the S&P 500 dropped 5%, reaching a "limit down" band that made by the CME futures exchange to prevent further losses. Mon, 16 Mar 2020 09:42 AM SGT Joe Biden pledges to pick a woman to be his running mate Former Vice President Joe Biden committed to picking a woman as his running mate during Sunday's Democratic debate. Guest Highlights – Today on CNBC All times given in SIN/HK. 10:00 Bo Zhuang Chief China Economist, TS Lombard China's economy: Picking up the pieces 10:30 Steven Englander Managing Director, Standard Chartered Bank Foreign exchange 11:00 Vishnu Varathan Head, Economics & Strategy, Mizuho Bank Global markets 11:30 Song Seng-Wun Economist, CIMB Private Banking ASEAN economist 11:40 Manish Sonthalia Associate Director & CIO, Equity PMS, Motilal Oswal AMC Indian markets 12:00 Martin Crabb Chief Investment Officer, Shaw and Partners Asian markets 12:30 Carlos Casanova Economist, Asia Pacific Region, Coface China economy 12:40 Tilak Doshi Visiting Senior Research Fellow, Middle East Institute at National University of Singapore Oil/Aramco 13:00 Martin Lakos Division Director, Macquarie Wealth Management Global markets . Terms Privacy Policy Unsubscribe Advertise with us